Corient Private Wealth LLC Grows Position in Grayscale Bitcoin Trust ETF $GBTC

Corient Private Wealth LLC grew its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 203.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,653 shares of the company’s stock after acquiring an additional 33,299 shares during the quarter. Corient Private Wealth LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GBTC. Raymond James Financial Inc. lifted its position in shares of Grayscale Bitcoin Trust ETF by 4.5% during the first quarter. Raymond James Financial Inc. now owns 59,362 shares of the company’s stock valued at $3,869,000 after purchasing an additional 2,552 shares in the last quarter. Summit Financial LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 7.2% during the 1st quarter. Summit Financial LLC now owns 3,864 shares of the company’s stock worth $252,000 after buying an additional 258 shares in the last quarter. CW Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $724,000. Rahlfs Capital LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 20.0% during the first quarter. Rahlfs Capital LLC now owns 5,844 shares of the company’s stock valued at $353,000 after acquiring an additional 974 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Grayscale Bitcoin Trust ETF by 34.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after acquiring an additional 341 shares during the period.

Grayscale Bitcoin Trust ETF Trading Up 4.1%

GBTC stock opened at $68.84 on Friday. The stock has a market cap of $16.57 billion, a P/E ratio of 2.23 and a beta of 2.40. The stock’s fifty day simple moving average is $76.93 and its two-hundred day simple moving average is $84.78. Grayscale Bitcoin Trust ETF has a 1-year low of $59.79 and a 1-year high of $99.12.

About Grayscale Bitcoin Trust ETF

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.